Commentary

12 Private Finance Initiative

BUILDING AND ENGINEERING vol 5
| Commentary

12 Private Finance Initiative

| Commentary

12 Private Finance Initiative

The Private Finance Initiative (PFI) is a government initiative to enable public sector works to be carried out using finance, management and skills from the private sector and has had a considerable effect on the way in which public sector works are now procured. Traditionally, the public sector employed the private sector to complete a works contract for the provision of a facility, and the local authority or government department procuring the works would take the design and planning decisions relating to the facility’s ability to meet ultimate demand for the public service. Under PFI, the

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